• Target

    £818,000

  • Type

    Equity

  • Close Date

    May 1 2019

  • Status

    Live

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

Storelectric

Storelectric is an award-winning, electricity storage company aiming to address a global problem in an emerging trillion dollar market.

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Investment closes only once the total pledged amount passes the minimum of £250,000

Total Pledged: £827,248
Max

£818,000

A pledge is not a commitment. You will be asked to confirm in the next section.

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Overview

We might not think about it often, but we all depend on a stable electricity supply system to provide us with the energy we need to run our lives on demand. This demand is rising, as electricity must be generated in the same instant as it’s needed.
At the same time, the world global electricity supply must be switched from polluting fossil fuels to clean renewable sources such as wind or solar. Most renewable sources are intermittent, only creating electricity when the sun shines or the wind blows, and therefore completely unrelated to when we need it.
Storelectric aims to solve the intermittency problem of renewable energy by storing energy on a large-scale using Compressed Air Energy Storage. This involves using excess energy to compress air into a smaller volume, and re-generate that energy when needed by expanding this same air through a turbine.
Storelectric is positioned to profit in an emerging trillion dollar market, which is estimated to be worth £11.5 billion in the UK alone.
We're growing rapidly, with our first plant in Cheshire already under way which was awarded EU project of common interest. and a further two locations identified in Teesside and The Netherlands and backed by large local industrial entities.
We’re aiming to revolutionise the global energy market by enabling renewables to power the world, and we’d like to invite you to join us.
 
  • Sector: Environmental / Green
  • Region: UK: North-West
  • Stage: Pre-revenue, over £200k to £1m invested to date
  • Eligible Tax: EIS
  • Board Requirement: Board In Place
  • Pre Money Valuation: £14,909,980
  • Share Price: £1.15
  • Originator: 350 PPM LTD
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Lead Investor

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350 PPM Ltd

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350 PPM is an environmental incubator, brokerage and trading house specialising in green, socially responsible and ethical investments within the environmental sector. These investments are structured under the Enterprise Investment Scheme where possible. 350 PPM identifies Companies, Projects and Technologies that it believes will benefit substantially from the implementation of The Paris Agreement; the new global treaty to combat climate change. 350 PPM structures these opportunities under the UK’s Enterprise Investment Scheme (EIS) when possible. 350 PPM always takes a stake in the investments it champions, alongside our investors. By working closely with the company at every stage and assisting in its growth where possible, 350 PPM can protect its and its investor’s interests, influence the outcome and share in the client company’s potential successes both now and in the future.

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Originator


Originator: 350 PPM LTD

Investment Focus: Equity, Debt, Property, Secondary Market (i.e. buying shares from existing shareholders), and Cryptocurrency

About: 350 PPM Ltd is Environmental Incubator and Business Accelerator specialising in Enterprise Investment Scheme qualifying, socially responsible/green investments within the environmental sector, which are likely to benefit significantly from the implementation of The Paris Agreement: The New Treaty On Climate Change.

Contact Name: Alex Colvill

  • Registered Investors
    Up to 100
  • Investment through platform
    Up to £1m